Qatar to Invest $6.41 Billion in Chemical Projects

---

Researched by Industrial Info Resources (Sugar Land, Texas)--With its abundance of natural gas and rich economic resources, Qatar is a major producer of chemicals in the Middle East.

Qatar Energy (Doha, Qatar) is one of the biggest investors in the nation as it owns and operates a large number of chemical manufacturing facilities through its various subsidiaries and partners. Qatar Energy and Chevron Phillips Chemical Company LLC's (The Woodlands, Texas) planned 1.9 million-tonne-per-year ethane cracker is scheduled to start production by 2026; it is considered to be the Middle East's largest cracker and one of the biggest in the world.

Qatar Energy recently awarded a lump-sum contract to Consolidated Contractors Company (CCC) (Marousi, Greece) to prepare the proposed site for the cracker; the contract for engineering, procurement and construction (EPC) is expected to be awarded in the next few months. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a project report and click here for a plant profile.

Qatar's chemical industry also invests large sums for regular plant maintenance and turnarounds to maintain the plants and run them smoothly.

Currently, Industrial Info is tracking a total of 47 capital and maintenance projects in Qatar that are worth US$6.41 billion. Subscribers can click here for a list of detailed project reports.

Qatar Energy accounts for US$6.1 billion in present and planned investments, followed by Mesaieed Petrochemical Holding Company (Doha), with US$246 million.

Click on the image at right for a chart showing chemical processing investments in Qatar by plant parent company.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).